Tyler Technologies (TYL) FY2016 results: revenue $760 million, up 28.6% on the year
Tyler Technologies Inc. (TYL) reported revenue of $760 million for fiscal 2016, the year ended 31 December 2016, up 28.6% on the year before. Net income was $114 million, up 75.3%, and diluted earnings per share $2.92. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$760 million
+28.6% on the year
FY2009FY2016
Operating margin
18.1%
18.3% a year earlier
FY2009FY2016
Net income
$114 million
+75.3% on the year
FY2009FY2016
Diluted EPS
$2.92
+65.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
760
591
493
+28.6%
Cost of revenue
401
314
260
+27.7%
Gross profit
359
277
233
+29.6%
Gross margin
47.3%
46.9%
47.3%
Selling, general and administrative
165
133
108
+23.9%
Operating income
138
108
94.8
+27.4%
Operating margin
18.1%
18.3%
19.2%
Pre-tax income
136
108
94.5
+25.1%
Income tax
22.0
43.6
35.5
-49.6%
Effective tax rate
16.2%
40.2%
37.6%
Net income
114
64.9
58.9
+75.3%
Net margin
15.0%
11.0%
12.0%
Diluted EPS
$2.92
$1.77
$1.66
+65.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
192
134
n/a
+42.8%
Capital expenditure
37.7
12.5
9.3
+201.8%
Free cash flow
154
122
n/a
+26.5%
Free cash flow margin
20.3%
20.6%
n/a
Cash from investing
-50.7
-398
n/a
Cash from financing
-138
91.1
n/a
Depreciation and amortisation
49.8
19.6
14.6
+154.3%
Share-based compensation
29.7
20.2
14.8
+47.4%
Buybacks
112
0.6
22.8
+17,239.2%
Diluted shares, weighted
39m
37m
35m
+6.6%
Shares outstanding at period end
48m
48m
n/a
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
935
874
337
+6.9%
Debt
n/a
66.0
0.0
Other liabilities
444
417
233
+6.6%
Total liabilities and equity
1,379
1,357
570
+1.6%
Fixed assets
124
101
65.9
+22.9%
Goodwill
650
654
124
-0.5%
Intangible assets
267
295
34.7
-9.5%
Investments
20.3
13.4
n/a
+51.0%
Cash and equivalents
36.2
33.1
206
+9.3%
Receivables
200
176
113
+13.6%
Other assets
80.0
83.5
26.2
-4.3%
Total assets
1,379
1,357
570
+1.6%
10-K for the year ended 31 December 2016, filed 20 February 2019: the filing.